Team News Riveting
Bhopal, November 21
Chief Minister Shivraj Singh Chouhan asserted that the policy of providing facilities to investors in Madhya Pradesh was the best in the country as the state government was committed to extend full cooperation to the investors.
With the increase in investment, the youth will get employment opportunities. Atmanirbhar Madhya Pradesh and Atmanirbhar Bharat will take shape. Chouhan said this during a meeting with industrialists at his residence today. He invited the investors to participate in the Global Investors Summit to be held in Indore.
Micro, Small and Medium Enterprises Minister Om Prakash Sakhalecha and Principal Secretary to Chief Minister Manish Rastogi were also present during the meeting.
During a discussion with the Chief Minister, the promoter of M/s HEG Ltd. Mandideep, Riju Jhunjhunwala said that Madhya Pradesh has the best environment to work in the field of industrial investment. The unit of his company will make a new investment of Rs 1,800 crore in the state for the manufacture of graphite anodes.
While Rs 800 crore will be invested in the first phase, the company will infuse another Rs 1000 crore in the second phase under the project in Sirsauda village of Sonkachh tehsil in Dewas district. The annual production capacity will be 20,000 metric tonnes. The first phase will start production by January 1, 2025 and will be completed by January 1, 2028. About 400 people will get employment from the plan.
Manoj Agarwal, CEO of M/s Alum Solar, New Delhi informed that the company will invest US$ 1500 million in two phases. The plant set up on 500 acres will produce 400 MW of electricity and 15,000 to 20,000 people will get employment.
Director of M/s Ramneek Power & Alloys Pvt. Ltd. Balaghat Nischal Trivedi said that the company has proposed an investment of Rs 168 crore in Sarandi village, Baraseoni tehsil, district Balaghat, which will provide employment to hundreds of people. Silico alloys will be produced in this.
M/s Burhanpur Textiles Ltd. Mentor Om Prakash Mittal told that his company has proposed an investment of Rs 297.86 crores in Fatepur village, district Burhanpur for production of yarn, twisted yarn, grey-fabric, RFD fabric, saree dhoti/job work, pellets. This will provide employment to 1100 persons.
Among those who met Chief Minister Shri Chouhan were Shri Akash Agarwal Vice President M/s Alum Solar New Delhi, Project Director Shri Ankur Khaitan and Shri Manish Gulati ED of M/s H.E.G. Ltd. Mandideep, Shri Harsh Trivedi Director of M/s Ramneek Power & Paloy Pvt. Ltd. Balaghat, Shri Ravi Poddar Director of M/s Burhanpur Textiles Ltd. and Company Secretary Shri Vedant Mittal and other representatives.
